VASEEM RAJA MOHAMED IQBAL
Salalah
Summary
Possessing more than 14 years of experience in diverse financial positions & operations with multiple companies, I have gained an extensive insight within this field. My key accounting and financial competencies include maintaining financial transactions and records, managing budgets, vat & tax assessment, risk assessments and business strategy reviews etc.
Overview
17
17
years of professional experience
Work History
Senior Accountant
International Heavy Machinery LLC
12.2024 - Current
- Prepare monthly, quarterly, and annual financial statements.
- Maintain general ledger and ensure accuracy of all financial data.
- Oversee cash flow management, forecasting, and budgeting
- Record vehicle sales transactions accurately, including:
Customer payments
Dealer margins
VAT and other applicable taxes
Discounts and offers - Reconcile sales with inventory and delivery notes.
- Track inventory of vehicles and spare parts
- Analyze inventory aging and depreciation
- Manage customer receivables (especially if cars are sold on credit or financed).
- Monitor dealer incentives, OEM (manufacturer) reimbursements, and warranty claims.
- Oversee supplier invoices and payments for parts, services, and other overheads.
- Ensure proper internal controls over cash, invoicing, and documentation.
- File timely returns and handle audits or assessments.
Receivables Financial Analyst
Liya Medical Complex
10.2021 - 08.2024
- Monitoring Accounts receivable, keeping track of outstanding invoices & payments, ensuring they are collected within agreed-upon terms. This includes monitoring the outstanding amount of AR related to assets.
- Following Up the Overdue payments, contacting debtors with overdue accounts through phone calls, emails, or letters to request payment and negotiate payment terms if necessary.
- Negotiating payment plans or settlements with customers experiencing financial difficulties while protecting the company's interest
- Providing Credit Risk Analysis, Assessing and reporting on the credit risk associated with existing and potential customers to support decision-making
- Managing Accurate Record, recording all communications and correspondence with debtors regarding payment, disputes & credit decision
- Ensure that debtors invoice/receipts/contracts including upgrade are issued and recorded on master data
- Issue debtors statement and attend to reconciliation requests and get credit advice
- Assuring sales reconciliation & maintaining the billing system
- Work closely with marketing team to ensure integrity of debtors financial data and proper filling is in place
- Managing the AR ledger and manage the AR accounting process including revenue account
- Performing sales and bank reconciliation between bank statements, sales system & financial system on a periodical basis (weekly, monthly, and yearly)
- Preparation of period end schedules related to accounts receivables section such as related party transaction, AR age analysis, etc
- Participating in the Business plan and periodical budget reviews
- Preparing monthly AR repots
- Liaison with Internal and External Auditors as Required
- Advice on continuous business process improvements & act as back to back with team members.
Senior Accountant
GST Kendra
03.2020 - 09.2021
- Contract outside services for tax preparation, auditing and other financial needs as necessary
- Review financial Data and prepare monthly and Annual Reports
- Good Understanding of Book Keeping procedures
- Responsible for Tax Returns Submission of GST (Goods and Service Tax).
- Manage all accounting operations including billing, A/R, A/P, GL, inventory accounting and revenue recognition.
- Experience general Ledger functions and the month – end/year-end close process.
- Be able to recommend actions for cost saving and profit making solutions.
Senior Accountant
Badr Al Samaa Group of Hospitals
11.2012 - 11.2019
- Analyse financial data and provide insights to management provide analytical insight to the financial reporting.
- Deliver consistent, timely, accurate and high quality and insightful financial report to facilitate and support decision-making.
- Identifying opportunities to reduce costs and improve efficiency within the organization this involves analysing data and working with department managers to implement cost saving measures.
- Developing and managing budgets for facilities departments this involves analysing financial data and forecasting future revenue and expenses.
- On time Billing Invoices distribution and follow-ups for payments.
- Verify and process all invoices and ensure transactions are correctly recorded.
- Accounts Payables (AP) and Accounts Receivables (AR).
- Maintain and reconcile General ledger accounts.
- Monitor and review accounting and system related reports for financial accuracy and completeness.
- Process monthly payroll and maintain approved payroll records.
- Preparation of incentives for in-house doctors and visiting doctors.
- Preparation of fund flow and AR age for MIS.
- Bank transactions by manual and online (Cheque deposits, cash deposits, cash receipt, payment transfer, Cheque books etc.)
- Review/Preparation of daily journal, Payment, Receipt vouchers for all expenses and incomes with all supporting documents.
- Reviewing/Preparing bank reconciliation and credit card reconciliation.
- Reviewing/Preparing Petty cash, cash book and cash book reconciliation.
- Perform asset bookkeeping related works such as identifying assets pending for capitalization, validating documents related works, updating the records retirements & transfers.
- Overall monthly close process including reviewing & posting entries.
- Perform asset capitalization process & reconciling various accounts of inventory & fixed assets.
- Stock taking, auditing, finalizing in Pharmacy and hospital consumables, Assets etc.
- Ensure accurate and appropriate recording and analysing of establishment expenses and incomes.
- Organizing quotations for assets purchase and discussing the same with senior management.
- Preparing LTR(LC), Bill discounting etc. for trade related activities.
- Working in costing to identify and analyse the profit margin or break even.
- Prepare and finalization of Profit and loss account, Balance sheet and Cash flow statement and report to CFO.
- Income tax assessment for previous year financials.
- Audit preparation and coordinate with the external & internal auditors to meet the requirement.
Accounts Executive
KSN Associates
10.2008 - 06.2010
- Preparing invoices and vouchers of creditors and debtors
- Maintain cash book, petty cash and reconciliation
- Checking monthly audit of bills and collections
- General ledger posting and stock auditing
- Preparing and submitting VAT return
- Managed accounts and audit activities for multiple clients
- Preparing Income statement, Balance sheet and cash flow.
Education
MBA - Finance
Madurai Kamaraj University
B.com - Accounting
Calicut University
Skills
- Risk assessment and management
- Taxation and statutory compliance
- Working capital management
- Cost center accounting and payroll accounting
- Financial analysis and reporting
- Inventory control with branches account
- Budget forecasting and controls
- Finance and Accounting operations
- Solver-Finance ERP
- Solver-HMS
- Insta-HMS
- Tally
- MS Office
LANGUAGES
English, Malayalam, Tamil: First Language
Arabic: B2 Upper Intermediate
Hindi: C1 Advanced
DRIVING LICENCE
Oman & India
Timeline
Senior Accountant
International Heavy Machinery LLC
12.2024 - Current
Receivables Financial Analyst
Liya Medical Complex
10.2021 - 08.2024
Senior Accountant
GST Kendra
03.2020 - 09.2021
Senior Accountant
Badr Al Samaa Group of Hospitals
11.2012 - 11.2019
Accounts Executive
KSN Associates
10.2008 - 06.2010
B.com - Accounting
Calicut University
MBA - Finance
Madurai Kamaraj University
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